Question

Under perfectly competitive market, the
demand curve is -​

Answer 1

Answer:

We look in more detail how the equilibrium quantity and price is determined in a perfectly competitive market. Perfect Competition # A perfectly competitive firm is a price taker and faces a horizontal demand curve.

Answer 2

Answer:

Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping.This means that if any individual firm charged a price slightly above market price, it would not sell any products.